Microsoft and PNC Dominate Matrix Fund's March Holdings
David Katz's Matrix Advisors Value Fund shows strong concentration in Financial Services and Technology sectors as of March 31, 2026.
Top Holdings Analysis
The Matrix Advisors Value Fund, managed by David Katz, holds a diverse set of stocks as of March 31, 2026, with the top ten holdings representing approximately 40.5% of the total portfolio value. The largest position is in Microsoft Corporation (MSFT), valued at $63.4 million, followed by EA Series Trust (MAVF) at $48.3 million. Other significant holdings include Alphabet Inc. (GOOG), PNC Financial Services Group Inc. (PNC), JPMorgan Chase & Co. (JPM), Morgan Stanley (MS), Apple Inc. (AAPL), PepsiCo Inc. (PEP), and Qualcomm Inc. (QCOM).
Concentration in Financial Services and Technology
The fund demonstrates a clear concentration bias towards the Financial Services and Technology sectors. Collectively, these sectors account for 62.05% of the portfolio's value, highlighting a strategic focus on these areas. Financial Services is the most concentrated sector, with PNC, JPMorgan Chase, and Morgan Stanley making up a significant portion of this allocation. Technology is the second most prominent sector, led by Microsoft and Apple.
Recent Activity and Notable Changes
Several holdings show significant recent activity. Microsoft saw an increase in shares by 20.07%, while Pepsico experienced a substantial 17.89% increase. Conversely, Alphabet Inc. (GOOG) and Qualcomm Inc. (QCOM) saw decreases of 8.72% and 8.62% respectively in their shareholdings. These changes reflect the fund manager's active approach to portfolio management, adjusting positions based on performance and market opportunities.
Strategic Insights
The fund's strategy appears to be centered on investing in large-cap technology and financial institutions. The high allocation to Financial Services suggests a belief in the stability and growth potential of this sector. The Technology holdings, particularly in Microsoft and Apple, indicate a focus on global digital leaders. The inclusion of financials like PNC, JPMorgan, and Morgan Stanley points towards a value-oriented approach within these sectors, possibly targeting dividend yield and stable growth. The fund's manager, David Katz, seems to favor established blue-chip companies with strong market positions.